The Nets have acquired Deron Williams.
Devin Harris and Derrick Favors will be traded to the Jazz, along with two first round picks. Utah will receive New Jersey's own pick in 2011 and Golden State's in 2012.
New Jersey will send Troy Murphy to Golden State, while the Warriors trade Dan Gadzuric and Brandan Wright to the Nets.
The Nets pursued Carmelo Anthony for months, but were ultimately unsuccessful as he preferred a trade to the Knicks. But the Nets were committed to acquiring a legitimate superstar and quickly were able to acquire Williams, who is eligible to be a free agent in 2012.
Williams is not eligible to sign an extension until July, pending the NBA's new collective bargaining agreement.